Logitech International SA (NASDAQ:LOGI) gapped up prior to trading on Friday . The stock had previously closed at $16.56, but opened at $16.64. Logitech International SA shares last traded at $16.84, with a volume of 139,189 shares trading hands.

Several equities research analysts recently issued reports on LOGI shares. Rosenblatt Securities reiterated a “buy” rating and issued a $18.00 price objective on shares of Logitech International SA in a report on Friday, July 1st. Sterne Agee CRT started coverage on Logitech International SA in a report on Tuesday, April 5th. They issued a “neutral” rating and a $18.00 price objective on the stock. JPMorgan Chase & Co. reiterated a “sell” rating and issued a $13.50 price objective on shares of Logitech International SA in a report on Wednesday. Finally, Zacks Investment Research downgraded Logitech International SA from a “hold” rating to a “sell” rating in a report on Tuesday, May 10th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. Logitech International SA currently has a consensus rating of “Hold” and a consensus target price of $16.13.

The company has a 50-day moving average of $16.01 and a 200-day moving average of $15.49. The company has a market capitalization of $2.72 billion and a PE ratio of 23.48.

Logitech International SA (NASDAQ:LOGI) last announced its earnings results on Wednesday, April 27th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. Equities analysts anticipate that Logitech International SA will post $1.02 earnings per share for the current fiscal year.

A number of large investors recently made changes to their positions in the stock. Liberty Mutual Group Asset Management Inc. bought a new stake in shares of Logitech International SA during the fourth quarter worth approximately $2,475,000. First Trust Advisors LP boosted its stake in shares of Logitech International SA by 361.5% in the fourth quarter. First Trust Advisors LP now owns 162,467 shares of the company’s stock worth $2,448,000 after buying an additional 127,261 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Logitech International SA by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 291,619 shares of the company’s stock worth $4,395,000 after buying an additional 4,214 shares during the period. Finally, Schroder Investment Management Group boosted its stake in shares of Logitech International SA by 1.1% in the fourth quarter. Schroder Investment Management Group now owns 3,020,138 shares of the company’s stock worth $46,510,000 after buying an additional 33,829 shares during the period.

Logitech International SA (Logitech) is a Switzerland-based company that, together with its subsidiaries, develops and markets hardware and software products that enable or enhance digital navigation, music and video entertainment, gaming, social networking, and audio and video communication over the Internet.

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